Last week, BP and five coastal states affected by the Deepwater Horizon spill announced $594 million in projects funded by BP for early restoration of the Gulf. A lot of the money is being spent on stuff not related to the spill at all, especially on repairing damage from various hurricanes.

The National Academy of Engineering is recommending that oil and gas companies spend millions on a modified blowout preventer. This is the $45 million device that failed and caused the BP oil spill in the Gulf of Mexico.